Kenya
Corporate Guide

Is there a requirement to declare beneficial ownership in Kenya?

Yes. It is a requirement to declare the company's beneficial owners. The Companies (Beneficial Ownership) Regulations, 2020, define a beneficial owner as a natural person who meets any of the following conditions:

• holds at least 10% of the issued shares in the company either directly or indirectly;
• exercises at least 10% of the voting rights in the company either directly or indirectly;
• holds a right, directly or indirectly, to appoint or remove a director of the company; or
• exercises significant influence or control, directly or indirectly, over the company.